JBS (JBS)
Market Price (10/31/2025): $13.12 | Market Cap: $29.1 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
JBS (JBS)
Market Price (10/31/2025): $13.12Market Cap: $29.1 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 94%, Dividend Yield is 47%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 89%, FCF Yield is 31% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 354% | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42% | ||
| Attractive cash flow generationCFO LTM is 19 Bil, FCF LTM is 9.1 Bil |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 94%, Dividend Yield is 47%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 89%, FCF Yield is 31% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 42% |
| Attractive cash flow generationCFO LTM is 19 Bil, FCF LTM is 9.1 Bil |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 354% |
Market Valuation & Key Metrics
JBS Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JBS Return | - | - | - | - | - | - | 0% |
| Peers Return | 15% | -6% | -8% | -27% | -13% | -28% | -55% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 110% |
Monthly Win Rates [3] | |||||||
| JBS Win Rate | - | - | - | - | - | 33% | |
| Peers Win Rate | 42% | 43% | 52% | 38% | 52% | 40% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
| JBS Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -19% | -20% | -23% | -38% | -29% | -30% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: K, GIS, FLO, WEST, FAMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)
How Low Can It Go
JBS has limited trading history. Below is the Consumer Staples sector ETF (XLP) in its place.
| Event | XLP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -17.5% | -25.4% |
| % Gain to Breakeven | 21.2% | 34.1% |
| Time to Breakeven | 682 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -24.9% | -33.9% |
| % Gain to Breakeven | 33.2% | 51.3% |
| Time to Breakeven | 154 days | 148 days |
| 2018 Correction | ||
| % Loss | -16.6% | -19.8% |
| % Gain to Breakeven | 19.9% | 24.7% |
| Time to Breakeven | 404 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -33.4% | -56.8% |
| % Gain to Breakeven | 50.2% | 131.3% |
| Time to Breakeven | 605 days | 1480 days |
Compare to
In The Past
SPDR Select Sector Fund's stock fell -17.5% during the 2022 Inflation Shock from a high on 4/20/2022. A -17.5% loss requires a 21.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to JBS. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09302025 | IPAR | Interparfums | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.8% | -6.8% | -6.8% |
| 09302025 | TAP | Molson Coors Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.8% | -3.8% | -3.8% |
| 07312025 | STZ | Constellation Brands | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -22.2% | -22.2% | -22.2% |
| 06302025 | SJM | JM Smucker | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | 0.0% |
| 05312025 | BF-B | Brown-Forman | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.4% | -18.4% | -22.4% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09302025 | IPAR | Interparfums | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -6.8% | -6.8% | -6.8% |
| 09302025 | TAP | Molson Coors Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.8% | -3.8% | -3.8% |
| 07312025 | STZ | Constellation Brands | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -22.2% | -22.2% | -22.2% |
| 06302025 | SJM | JM Smucker | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | 0.0% |
| 05312025 | BF-B | Brown-Forman | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -18.4% | -18.4% | -22.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for JBS
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.57 |
| Mkt Cap | 25.5 |
| Rev LTM | 12,632 |
| Op Inc LTM | 1,910 |
| FCF LTM | 863 |
| FCF 3Y Avg | 1,005 |
| CFO LTM | 1,512 |
| CFO 3Y Avg | 1,615 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.6% |
| Rev Chg 3Y Avg | 3.8% |
| Rev Chg Q | 1.5% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Mgn LTM | 6.7% |
| Op Mgn 3Y Avg | 5.7% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 10.0% |
| CFO/Rev 3Y Avg | 7.9% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 5.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 25.5 |
| P/S | 0.5 |
| P/EBIT | 7.3 |
| P/E | 8.7 |
| P/CFO | 5.0 |
| Total Yield | 16.7% |
| Dividend Yield | 5.2% |
| FCF Yield 3Y Avg | 5.5% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.4% |
| 3M Rtn | -4.1% |
| 6M Rtn | -13.3% |
| 12M Rtn | -33.5% |
| 3Y Rtn | -52.0% |
| 1M Excs Rtn | -9.3% |
| 3M Excs Rtn | -13.2% |
| 6M Excs Rtn | -35.0% |
| 12M Excs Rtn | -54.1% |
| 3Y Excs Rtn | -126.5% |
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Beef North America | 113,094 | 116,697 | 119,508 | ||
| Pilgrim’s Pride | 84,193 | 92,299 | 82,289 | ||
| Brazil | 54,070 | 60,357 | 55,676 | 41,707 | 31,960 |
| Seara | 40,148 | 44,017 | 37,752 | 26,731 | 20,361 |
| PORK United States of America (USA) | 37,437 | 43,112 | 42,503 | 32,171 | 23,469 |
| Australia | 30,134 | 33,436 | 29,788 | ||
| Others | 4,336 | 4,453 | 3,974 | 2,900 | 2,432 |
| Elimination | -9,526 | -10,402 | 8,994 | -7,653 | -5,907 |
| Beef United States of America | 112,120 | 87,203 | |||
| Chicken United States of America | 62,228 | 45,006 | |||
| Total | 353,886 | 383,968 | 380,484 | 270,204 | 204,524 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Pilgrim’s Pride | 7,455 | 11,023 | 9,428 | ||
| PORK United States of America (USA) | 2,557 | 3,999 | 4,381 | 2,537 | 1,955 |
| Brazil | 2,277 | 2,480 | 2,407 | 2,317 | 972 |
| Australia | 2,207 | 2,347 | 1,826 | ||
| Seara | 1,769 | 4,742 | 3,983 | 3,244 | 1,070 |
| Beef North America | 554 | 11,007 | 25,146 | ||
| Extemporaneous litigation | 0 | 0 | |||
| Fiscal payments and installments | 0 | 0 | |||
| J&F Leniency expenses refund | 0 | 496 | |||
| Reversal of tax credits | 0 | 0 | |||
| Rio Grande do Sul floods | 0 | 0 | |||
| Elimination | -13 | -12 | -11 | -2 | -1 |
| Others | -25 | -42 | 138 | -48 | -116 |
| Donations and social programs | -88 | -127 | -152 | -316 | |
| Other operating income (expense), net | -124 | 97 | -51 | -89 | -54 |
| Impairment assets | -127 | -92 | 0 | ||
| Restructuring | -254 | 0 | 0 | ||
| Antitrust Agreements | -497 | -536 | -4,418 | -1,283 | |
| Depreciation and amortization | -10,430 | -10,089 | -9,325 | ||
| Beef United States of America | 11,555 | 7,021 | |||
| Chicken United States of America | 2,114 | 2,667 | |||
| Extemporaneous tax credit impacts | 421 | ||||
| Gain on bargain purchase | 234 | ||||
| Investigation impacts due to the leniency agreement | -12 | ||||
| Tax payments and installments - Extraordinary | -288 | ||||
| Total | 5,262 | 25,294 | 33,350 | 20,450 | 13,449 |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8142025 | 6-K 6/30/2025 |
| 3312025 | 5162025 | 6-K 3/31/2025 |
| 12312024 | 3262025 | 20-F 12/31/2024 |
| 9302024 | 11142024 | 6-K 9/30/2024 |
| 3312024 | 5152024 | 6-K 3/31/2024 |
| 12312023 | 3272024 | 20-F 12/31/2023 |
| 9302023 | 11142023 | 6-K 9/30/2023 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |